Amazon plans to invest USD 35 billion in India over the next five years to expand its businesses from quick commerce to cloud computing and artificial intelligence, as the global supermajor doubles down on its presence in the world's fastest-growing economy.

The investment by the US e-commerce giant comes a day after Microsoft pledged USD 17.5 billion in India for data centres, AI and cloud infrastructure by 2030. Previously, Google had committed USD 15 billion over the next five years to building AI data centres.

Amazon said its investments in areas such as artificial intelligence and logistics infrastructure through 2030 will help create an additional 1 million jobs in India.

The e-commerce giant is ramping up investment to compete with Walmart-backed Flipkart as well as homegrown gia

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